{"id":20591,"date":"2016-05-14T10:06:25","date_gmt":"2016-05-14T15:06:25","guid":{"rendered":"http:\/\/olduvai.ca\/?p=20591"},"modified":"2016-05-14T10:06:25","modified_gmt":"2016-05-14T15:06:25","slug":"satjajit-das-discusses-financial-depression-the-age-of-stagnation","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=20591","title":{"rendered":"Satjajit Das: Discusses Financial Depression & The Age of Stagnation"},"content":{"rendered":"

Satyajit Das: DISCUSSES FINANCIAL REPRESSION & THE AGE OF STAGNATION<\/a><\/h3>\n
\n
\"31RATTNER02-master315-v2\"<\/div>\n
\n

FRA Co-founder Gordon T. Long is joined by Satyajit Das\u00a0in discussing the consequences\u00a0of financial repression and\u00a0current policy making, along with the effects of the Chinese economy.<\/p>\n

SATYAJIT DAS is an internationally respected expert in finance, with over 35 years\u2019 experience. Das presciently anticipated many aspects of the global financial crisis in 2006. He subsequently proved accurate in his warnings about the ineffectiveness of policy responses and the risk of low growth, sovereign debt problems (anticipating the restructuring of Greek debt), and the increasing problems of China and emerging economies. In 2014 Bloomberg nominated him as one of the fifty most influential financial thinkers in the world.<\/p>\n

Mr. Das is the author of a number of key reference works on derivatives and risk management. Das is the author of two international bestsellers,\u00a0Traders, Guns & Money<\/em>\u00a0(2006) and\u00a0Extreme Money<\/em>\u00a0(2011). His latest book is\u00a0A Banquet of Consequences<\/em>\u00a0(2015) (published in North America as\u00a0Age of Stagnation<\/em>).<\/p>\n

He was featured in Charles Ferguson\u2019s 2010 Oscar-winning documentary Inside Job, the 2012 PBS Frontline series Money, Power & Wall Street, the 2009 BBC TV documentary Tricks with Risk, and the 2015 German film Who\u2019s Saving Whom.<\/p><\/blockquote>\n

VIEWS ON FINANCIAL REPRESSION<\/strong><\/p>\n

\"Slide1\"<\/a>It started around 2008 and prices relate to debt. Fundamentally, the way the surprises were dealt with were in a very old fashioned way to grow and inflate their way out of debt. As we know, this process hasn\u2019t really worked, and there\u2019s really only two choices left. One of them is to default, which is hugely unpalatable because writing off peoples\u2019 savings like that has consequences for future consumption, and a huge amount of wealth loss in the world. The other option is financial repression, which is a way of managing excess debt. The most common way is by very high levels of taxation.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Satyajit Das: DISCUSSES FINANCIAL REPRESSION & THE AGE OF STAGNATION FRA Co-founder Gordon T. Long is joined by Satyajit Das\u00a0in discussing the consequences\u00a0of financial repression and\u00a0current policy making, along with the effects of the Chinese economy. SATYAJIT DAS is an internationally respected expert in finance, with over 35 years\u2019 experience. Das presciently anticipated many aspects […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[12388,124,13805,13095,13806],"class_list":["post-20591","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-age-of-stagnation","tag-central-banks","tag-financial-repression-authority","tag-gordon-t-long","tag-satjajit-das"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20591"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20591\/revisions"}],"predecessor-version":[{"id":20592,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20591\/revisions\/20592"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}